By Julie McKinney

While the Hickory Nut Gorge experienced more than a fair share of unusual weather conditions in 2018, the real estate market held its own despite having received feet of rain and snow.  As has held true in previous years, approximately 50% of single-family home sales were in the $200K – $400K price range.  And there is good news: sales in the $400K – $600K range nearly doubled from 2017, and the cumulative number of days on the market (DOM) decreased by six weeks. The table below is a comparison of 2017 and 2018. Having 17 properties under contract going into the new year is a great start.

  2017 Sales   2018 Sales (through 12/14)   Under Contract
Price Range # of Sales % of Sales List/Sell Ratio Avg. DOM # of Sales % of Sales List/Sell Ratio Avg. DOM # Pending Avg. DOM
< $200K 42 28 .92 201 27 21 .91 164 3  
$200K – $399K 78 52 .94 220 62 48 .96 176 5
$400K – $599K 13 9 .94 206 23 18 .95 200 5
$600K – $799K 11 7 .91 467 11 9 .96 228 2
> $800K 5 4 .87 163 5 4 .89 225 2
Total and Overall Averages 149   .92 251 128   .93 199 17 165
NOTE: Data is from Carolina Multiple Listing Service and deemed to be accurate. Statistics are for single-family homes in zip code 28746.  
Active Single Family Listings – Lake Lure As of 12/14/2018
Price Range # of Listings Avg. $/sq. ft. Avg. DOM
< $200K 13 $144 243
$200K – $399K 60 $173 246
$400K – $599K 34 $249 230
$600K – $799K 16 $287 371
$800K – $999K 11 $340 477
> $1,000,000 21 $402 362

As a new year begins, many of us make resolutions for ourselves.  It’s also appropriate to make “household” resolutions, even if there is no immediate plan to sell your home.  You might resolve to spruce up your landscaping. Or if you’ve been in your home for years, resolve to update/upgrade/de-clutter one room. Deferred maintenance you’ve been ignoring?  Put that on the list!  It is often helpful to look at your home as if you were a guest or prospective buyer.  When you pull in the driveway, what do you notice?  As you walk through your home, does something suddenly catch your attention that ordinarily wouldn’t have?  Making and keeping a list of projects that have been “good intentions” is always a good idea and makes preparing your property easier as “one project at a time” versus “there’s a lot of work to be done”!

Julie McKinney is Owner/Broker at Lifestyle Properties in Lake Lure, and can be reached at Julie@Lakelurelifestyle.com or 282-289-6794.